Uber Technologies’ (UBER) “Buy” Rating Reaffirmed at BTIG Research

Uber Technologies (NYSE:UBERGet Free Report)‘s stock had its “buy” rating reiterated by BTIG Research in a note issued to investors on Wednesday,Benzinga reports. They currently have a $100.00 price objective on the ride-sharing company’s stock. BTIG Research’s price objective indicates a potential upside of 33.97% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. BNP Paribas Exane initiated coverage on shares of Uber Technologies in a research report on Wednesday, January 14th. They set an “outperform” rating and a $108.00 price target for the company. Wells Fargo & Company upped their target price on shares of Uber Technologies from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. BMO Capital Markets dropped their price objective on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Morgan Stanley dropped their price target on shares of Uber Technologies from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 target price on shares of Uber Technologies in a report on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $107.19.

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Uber Technologies Stock Down 4.2%

NYSE UBER traded down $3.29 during midday trading on Wednesday, hitting $74.64. 43,686,157 shares of the company traded hands, compared to its average volume of 20,660,719. The company has a market cap of $155.09 billion, a PE ratio of 9.62 and a beta of 1.21. Uber Technologies has a 52 week low of $60.63 and a 52 week high of $101.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50-day simple moving average is $83.78 and its 200-day simple moving average is $90.05.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter last year, the company posted $1.20 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts forecast that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total value of $260,937.50. Following the sale, the insider owned 176,584 shares in the company, valued at approximately $14,744,764. The trade was a 1.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 14,875 shares of company stock worth $1,319,130. 3.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Meridian Wealth Management LLC increased its position in Uber Technologies by 70.5% in the fourth quarter. Meridian Wealth Management LLC now owns 14,407 shares of the ride-sharing company’s stock worth $1,177,000 after purchasing an additional 5,958 shares during the period. HighPoint Advisor Group LLC lifted its position in Uber Technologies by 6.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 64,781 shares of the ride-sharing company’s stock valued at $5,293,000 after acquiring an additional 4,022 shares in the last quarter. Versor Investments LP boosted its position in shares of Uber Technologies by 101.7% during the fourth quarter. Versor Investments LP now owns 11,700 shares of the ride-sharing company’s stock worth $956,000 after buying an additional 5,900 shares during the period. Rinkey Investments acquired a new position in Uber Technologies during the 4th quarter worth approximately $245,000. Finally, Bailard Inc. grew its position in Uber Technologies by 2.0% in the fourth quarter. Bailard Inc. now owns 282,988 shares of the ride-sharing company’s stock valued at $23,123,000 after purchasing an additional 5,515 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies News Roundup

Here are the key news stories impacting Uber Technologies this week:

About Uber Technologies

(Get Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

Further Reading

Analyst Recommendations for Uber Technologies (NYSE:UBER)

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